vancouverdowntown CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere890 condolistingsin VancouverD owntown in August,2% below Julyand 10% higherthan August 2022. Augustcondosalesincreased by4% m onth-over-m onth, to165,and were20% aboveAugust2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▲ 3% VS 2022
▲ 10% VS 2022
▲ 20% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 17% 138 811
% Change
No. 17% 159 910
% Change
Thesales-to-listing ratio forcondosin Vancouver D owntown,at19%,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
19% 165 890
20% 10%
4% 6% 4% -2%
Thecondom edian pricein Augustwas$808,000,a4% increasefrom Julyand 3% aboveAugust2022. Theaveragesold pricewas$973,151,0.5% abovelast m onth;theaveragePSF salepricewas$1,159,up 0.4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
3% 2% 3% 9%
$1,159 $973,151 $808,000
$1,155 $968,484 $775,000
$1,121 $953,486 $785,000
0.4% 0.5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
870
862
836
890
910
782
884
869
81
705
775
713
688
222
155
124
120
107
165
138
185
187
159
122
10
85
$820K $800K $840K
$785K $784K $775K
$780K $790K $769K
$775K $775K $808K
$717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
4+ bdrms
14
150
5
3 bdrms
121
100
38%
31%
29% 29%
65
21%
2 bdrms
50
423
12%
8%
4%
0
95
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
16 5 31%
64 24 38%
167 49 29%
142 41 29%
90 19 21%
76 9 12%
115 9 8%
220 9 4%
332
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